Hi,

I need to pass the accounting entry for the below transaction.

We bought a car through a loan, we issued post dated cheque (60 nos) against this loan. Please I need to know how to pass the accounting entry to the following accounts.

1. Fixed asset - vehcle

2. Loan

3. Pdc (post dated cheque)

Tks... Prakah

If this is in the US. Not sure what country, post dated checks are not legal, so there is no way to post an illegal activity